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Shanghai sets economic and development goals for 2026
Shanghai targets 5% economic growth with R&D at 4.6% of GDP and plans 255 billion yuan infrastructure investment, aiming for global competitiveness by 2035.
- Gong Zheng, mayor of Shanghai, set a 2026 economic growth target of about 5 percent and projected R&D spending at about 4.6 percent of GDP on Feb. 3, 2026.
- The 15th Five-Year Plan draft states Shanghai emphasizes high-quality development, reform, people-centered urban construction, and modernized urban governance.
- This year the city will invest 255 billion yuan to start the south–north corridor and major rail works including the Shanghai‑Nantong railway, second phase, and the Shanghai‑Chongqing‑Chengdu high-speed railway, Shanghai section.
- Residents face income growth that will align with overall economic growth, while consumer price increases are forecast at about 2 percent this year.
- Looking toward 2035, the plan seeks to double per-capita GDP from 2020 levels and upgrade Shanghai into an international centre for economy, finance, trade, shipping and scientific and technological innovation.
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Total News Sources20
Leaning Left4Leaning Right1Center7Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 33%
C 59%
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